Saxo Review
Key Facts
Regulation
FSA Denmark · FCA · ASIC+12 more
Broker Type
STP, ECN, Market Maker, DMA
Min. Deposit
$0
Platforms
Web, Mobile, Desktop, TradingView
Fees
Low
Max Leverage
1:50
Demo Account
Yes
Our Ratings
4.7
out of 5
Safety & Regulation4.7
Fees & Costs4.5
Platforms & Execution4.7
Education4.6
61% of retail FX and CFD accounts lose money.
Pros & Cons
Pros
- +Strong global regulatory framework
- +Easy account onboarding process
- +Multiple account base currencies
- +Extensive product offering
- +Deep global market reach
- +Low trading fees
- +Advanced proprietary trading platforms
- +Excellent research and analysis tools
Cons
- −Not listed on the stock exchange
- −No support for digital wallet payments
- −No MT4 or MT5 platform support
- −High options fees
- −High futures fees
- −No 24/7 customer service
- −Premium accounts require high deposits
Saxo - At a Glance
Trading Conditions
- Broker Type
- STP, ECN, Market Maker, DMA
- Minimum Deposit
- $0
- Maximum Leverage
- 1:50
- Spread Type
- Variable
- Spread From
- 0.7 pips
- Commission
- $0. ($3 per side for < 50k units).
- Decimal Pricing
- 5 decimals
- Minimum Lot Size
- 0.01
- Maximum Lot Size
- 100
- Hedging
- Yes
- Scalping
- Yes
- Assets Offered
- Forex, Stocks, ETFs, Funds, Bonds, Options, Futures, CFDs
Account Types
- Demo Account
- Yes
- Swap Free Account
- No
- Managed Account
- Yes
- PAMM / MAM Trading
- Yes
- Joint Account
- Yes
- Social / Copy Trading
- No
- Bonuses
- No
- Contests
- No
Platforms & Tools
- Trading Platforms
- Web, Mobile, Desktop, TradingView
- One Click Trading
- Yes
- OCO Orders
- Yes
- Trailing Stop Loss
- Yes
- API Access
- Yes
- VPS Hosting
- Yes
Company
- Regulation
- FSA (Denmark, Europe), FCA (United Kingdom), ASIC (Australia), MAS (Singapore), FINMA (Switzerland), SFC (Hong Kong), FSA (Japan), CONSOB (Italy), National Bank of Belgium (Belgium), FSMA (Belgium), Bank of Brazil (Brazil), Czech National Bank (Czech Republic), Central Bank of U.A.E (United Arab Emiorates), Banque de France (France), AFM (France)
- Segregated Client Funds
- Yes
- Negative Balance Protection
- Yes
- Headquarters
- Philip Heymans Alle 15, 2900 Hellerup, Denmark
- International Offices
- Belgium, Czech Republic, Denmark, France, Italy, India, Japan, Netherlands, Singapore, Switzerland, UAE, United Kingdom
- Payment Methods
- Bank Transfer, Debit Cards
- Account Currencies
- AED, AUD, CAD, CHF, CNH, CZK, DKK, EUR, GBP, HKD, HUF, INR, ILS, JPY, MXN, NOK, NZD, PLN, SEK, SGD, ZAR, TRY, USD
- Languages
- Arabic, Bulgarian, Chinese, Czech, Dutch, English, French, Hungarian, Italian, Japanese, Malay, Mandarin, Russian, Swedish, Slovak, Ukranian
- Customer Support
- Email, Phone, Live Chat